Ghent and Knokke - Real estate company with two yielding properties on unique locations in Ghent and Knokke
Reference: 25091005
Description
This real estate company includes:- A yield property, located in the Lippenslaan in Knokke. This location, close to the center and still within walking distance from the beach, is suitable both for yearly rentals and for vacation rentals. The building dates from 2009 and includes a rented commercial property, 4 bright apartments and a duplex - Revenue property, located in the Hoogpoort in Ghent. This historical building, part of which dates back to the 18th century, consists of 9 residential units, a commercial building, a rear building to be thoroughly restored and an underground medieval cellar. This property, which needs to be renovated with the necessary know-how, is located in one of the busiest streets of the inner city of Ghent, thus combining historical charm with commercial visibility.
The current annual rent amounts to € 70,680 and € 86,665 respectively, together good for a total annual rent of € 157,345. Total asking price for the property was set at € 4,217,000 (incl. the part of the property in Ghent held privately). The asking price for the acquisition of the shares amounts to € 3,818,000 (based on balance sheet 31/12/2024). The share valuation, can be delivered upon receipt of signed NDA. This concerns a sale under shares. However, candidate buyers are also offered the possibility to purchase the property in Ghent as an asset deal.